Why do Liberals Blame George Bush's tax cuts for the deficit?

... and say the tax cuts favored the rich when it fact the biggest tax rate cuts were on the bottom. 15% to 10% = 5% The top bracket only went from 36.5% to 35% = 1.5%. I agree it%26#039;s more for the rich in dollar amounts but it was part of a stratagy to phase in a flat tax wich includes raising the standard deduction so the POOR WOULN%26#039;T PAY ANY income tax. but because of the knee jerk reaction of liberals it wasn%26#039;t continued. The inbalance cant be blamed on Bush anyway because its been that way for over 40 years. What did the Dems do about it all the times they were in power? Bush%26#039;s tax plan got rid of a lot of tax breaks that favored the rich like business meals and limo%26#039;s. His plan also implemented new tax breaks for teachers, so they could take the standard deduction and still deduct their teaching supplys, and raised the doubled the child tax credit. If Al Gore had his way the bottom tax rate would still be 15% instead of 10%.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because they have never taken an economics class or looked up the actual data or GAO reports. They dont understand that you can increase federal tax revenues by taking less income tax. They operate on the principal that to have more, you must take more. Besides, never let it be said that a democrat let the facts interfere with their opinion.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because they know nothing about economics.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Easy...Dems blame out of habit.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

They just parrot what CNN tells them.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because bush did cause the deficit

And his cuts were heavily skewered toward the rich

And also the war, which is costing craploads of money

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

I don%26#039;t blame the tax cuts. I blame his war, his inept diplomatic policies and his incompetent trade policies for the deficit.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Neocons love to argue that tax cuts will bring in more revenue through taxes. That%26#039;s like saying, %26quot;let%26#039;s sell our product at a loss because we%26#039;ll make up for it in volume.%26quot; It%26#039;s a fantasy that doesn%26#039;t work in the real world.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

%26quot;..part of a strategy to phase in a flat tax.%26quot;

oh my God is that B.S. !

are you laughing your a*s off when you lie like that ?

guys like you have No regard for the truth.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Got some bad ,uh, facts here:

%26quot;inbalance can%26#039;t be blamed on Bush anyway because its been that way for over 40 years.%26quot;

Wrong. Surpluses are not unknown in US history...the last one was from 1997-2001. Clinton managed to erode deficit spending to zero then incurred surpluses.

Generally speaking, the supply-side vs demand-side argument in terms of economic stimulus is a fruitless one. Its like trying to prove which %26quot;arm%26quot; of the scissors cuts...the top or bottom? Fruitless.

Here%26#039;s a bonus question. What world-famous economist originally said my scissors paraphrase?

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because if you are spending the same (or more), and taking in less, you will have less. which is what we have. Now granted any tax, including sales tax, essentially goes to the government. So in theory, if you let people have more of the money they earn, they will spend more of it, and then the taxes you collect there will make up for it. But things only work out that way if people are overwhelmingly confident in the general economy. And few people are. Now part of that is due to the media. But it%26#039;s also due to actual real-world experiences. You can%26#039;t say the economy is fine if a mother can%26#039;t afford to buy bread and milk, for example. Or rather, you can say that til you are blue in the face, but it%26#039;s not going to change the experience of the people who are struggling to make ends meet.